Multiple Choice
Ross and Sally agree to guarantee Tim's debt. Ross's maximum liabil?ity is $30,000, and Sally's is $20,000. Tim owes $20,000 and is in default. Ross pays the creditor the entire amount. In the ab?sence of an agree?ment to the contrary, Ross can recover from Sally
A) $8,000.
B) $10,000.
C) $20,000.
D) nothing.
Correct Answer:
Verified
Correct Answer:
Verified
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